Landlord and Tenant (Consolidation) Ordinance

(1)
Subject to subsection (2), a tenant or sub-tenant may agree to surrender a tenancy or sub-tenancy continuing under
section 52(1)
.
(2)
An agreement mentioned in subsection (1) shall have no effect unless it
is—
(a)
in the specified form;
(b)
lodged with the Commissioner within 28 days of execution, with such fee as may be determined by the Financial Secretary; and
(Amended
40 of 1984 s. 18
;
32 of 1985 s. 11
)
(c)
endorsed by the Commissioner under subsection (3).
(3)
The
Commissioner—
(a)
shall satisfy himself that the tenant or
sub-
tenant—
(i)
in entering into an agreement under subsection (1) understands the effect of that agreement; and
(ii)
has not been subject to any undue pressure or influence;
(b)
may make such inquiries as he thinks fit for the purposes of paragraph (a); and
(c)
shall, if satisfied as to the matters mentioned in paragraph (a), endorse upon the agreement a certificate to the effect that he has approved it under this section.
(Amended
32 of 1985 s. 11
)
(4)
The Commissioner shall not be obliged to be satisfied as to the reasonableness of any consideration payable under an agreement mentioned in this section.